Heineken (OTCMKTS:HEINY) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Heineken (OTCMKTS:HEINY) from a hold rating to a sell rating in a report released on Wednesday, Zacks.com reports.

According to Zacks, “Heineken N.V. is engaged in producing and distributing beverages. It offers beer, cider, soft drinks, and other beverages. The Company’s principal global brand is Heineken. Heineken N.V. is headquartered in Amsterdam, the Netherlands. “

Separately, BNP Paribas started coverage on shares of Heineken in a research report on Friday, January 31st. They set a neutral rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Heineken has an average rating of Hold and an average price target of $59.00.

OTCMKTS HEINY opened at $56.47 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.71 and a debt-to-equity ratio of 0.87. The firm’s fifty day moving average price is $54.63 and its two-hundred day moving average price is $53.24. Heineken has a 1 year low of $49.28 and a 1 year high of $57.84.

The company also recently declared a Semi-Annual dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 28th will be given a dividend of $0.462 per share. The ex-dividend date is Monday, April 27th. Heineken’s dividend payout ratio (DPR) is currently 23.46%.

About Heineken

Heineken N.V. engages in brewing and selling beer and cider. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Tecate, Red Stripe, Krušovice, Birra Morett, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands.

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